Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
LeChino

0 Contributions
0 People Helped
Would it be better to pay off the balance at once?
I have heard that it is better to pay some interest on the card instead of all at once. In other words, if I spend $20 to not pay the whole $20. Instead to pay around 50% of the whole balance, then another % and then finally pay it all off.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7374 Contributions
3813 People Helped

Pay in full as often as possible!

Paying interest on a debt that you can easily pay in full is not smart because it's a waste of money.  Pay credit cards in full when the bill comes in or as quickly as possible.  Also, try to keep your usage at or below 10%.  Those terms arew well explained in the educational articles provided on this site.

Top Contributor
5038 Contributions
1136 People Helped

I second what jwsister has said. It should also be noted that you are NOT rewarded in any way to carry a balance.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.